Corporate News     05-Mar-08
Walchandnagar Industries to raise funds
Through issue of securities
The members of Walchandnagar Industries have approved to issue equity shares / equity linked securities / securities convertible into equity to QIBs, for an aggregate amount which shall not exceed Rs 550 crore.

Further, the members have approved the preferential issue of 5,25,000 convertible warrants to the promoters / promoters group.

This was approved at the extra ordinary general meeting held on 04 March 2008.

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